Assurant Inc . AIZ has announced $1.3 billion 2018 property catastrophe reinsurance program, intended to curb its risk and financial exposure, fortifying financial capabilities. The reinsurance coverage comprises $985 million for the U.S. […]
Western Union Co. WU , one of the world’s leading money remittance companies, seems poised for long-term growth on its steady investment in digital platform, which has been paying off well. Numerous alliances, pacts and deal renewals have also broadened the company’s network in the United States and across the globe. […]
Ameren Corporation AEE announced that its unit — Ameren Missouri — received approval from the Missouri Public Service Commission (PSC) to proceed with the Renewable Choice Program. The program will promote the usage of renewable energy and enable the company to cater to customers’ 100% energy requirement from clean sources. This program will also permit Ameren Missouri to add 200 Megawatt (MW) renewable generation in its portfolio, after receiving commitments from customers for their renewable energy needs. […]
The property and casualty insurance industry is presently well placed, given a not so active catastrophe environment likely to cushion underwriting results. Measuring insurers’ profitability, underwriting results should gain traction from this favorable scenario. The Property and Casualty Insurance industry is ranked at #84, positioning itself in the top 33% of the Zacks Industry Rank for 255 plus industries. […]
Constellation Brands Inc. STZ delivered first-quarter fiscal 2019 results, wherein the top line beat estimates while earnings lagged. This marked an earnings miss after 14 consecutive beats. […]
American Water Works Company AWK announced that its subsidiary Maryland American Water has filed an application with the Maryland Public Service Commission (PSC) for water rate increases. The rates, if approved by PSC, will allow it to recover $15.4 million investment made by the company to construct a water impoundment and intake, which will cater to the customers in Bel Air and parts of Harford County. […]
Dr Pepper Snapple Group, Inc. DPS unveiled plans to pay special dividend of $103.75 per share, setting a conditional record date on Jul 6, 2018. […]
Celgene Corporation CELG and Acceleron Pharma Inc. XLRN announced top-line results from a phase III, multi-center study (MEDALIST). The MEDALIST study evaluated the efficacy and safety of luspatercept versus placebo in patients with very low, low or intermediate risk myelodysplastic syndromes (MDS) with chronic anemia and refractory to, intolerant of, or ineligible for treatment with an erythropoietin-stimulating agent (ESA), ring sideroblast-positive and require frequent red blood cells (RBC) transfusions […]
EQT Corporation EQT recently agreed to divest around 2.5 million non-core Huron Play acres for $575 million, to Diversified Gas and Oil Plc. The net acres are located in Southern Appalachia. The transaction is expected to conclude in July 2018. […]
BP plc BP announced that it has agreed to acquire Chargemaster, touted to have the largest network of charging points for electric cars in the UK. After the conclusion of the accord, BP will have the opportunity to set up ultra-fast chargers in all of its U.K.-based filling points. […]
NCR Corporation NCR surpassed the Zacks Consensus Estimate in all the trailing four quarters with an average positive earnings surprise of 11.1%. Notably, in first-quarter 2018, the company delivered a positive earnings surprise of 27.3%. We believe NCR’s focus on growth of its cloud segment and modernization of services business are proving to be worthy, especially at a time when its ATM segment is not performing well […]
Boardwalk Reports Exercise Of Right To Purchase Common Units PR Newswire HOUSTON, June 29, 2018 HOUSTON , June 29, 2018 /PRNewswire/ — Boardwalk Pipeline Partners, LP (NYSE: BWP) (the “Partnership”) announced today that Boardwalk GP, LP, the general partner of the Partnership (the “General Partner”), has elected to exercise the right to purchase all of the issued and outstanding common units representing limited partner interests (“Common Units”) in the Partnership not already owned by the General Partner or its affiliates (the “Transaction Units”) pursuant to Section 15.1(b) of the Partnership’s Third Amended and Restated Agreement of Limited Partnership, as amended (the “Limited Partnership Agreement”). The General Partner received the opinion of counsel required by Section 15.1(b) of the Limited Partnership Agreement on June 29, 2018 . […]
Dr Pepper Snapple Shareholder Vote Clears Way For Merger With Keurig Green Mountain To Form Keurig Dr Pepper PR Newswire PLANO, Texas, June 29, 2018 PLANO, Texas , June 29, 2018 /PRNewswire/ — Dr Pepper Snapple Group, Inc. (NYSE: DPS) today announced that its shareholders have approved two proposals to allow for the issuance of DPS common stock pursuant to the previously announced Agreement and Plan of Merger, dated as of January 29, 2018 (the “Merger Agreement”), by and among DPS, Salt Merger Sub Inc. and Maple Parent Holdings Corp., the parent company of Keurig Green Mountain, Inc. […]
WMIH Corp. And Nationstar Stockholders Approve Merger PR Newswire SEATTLE and DALLAS, June 29, 2018 SEATTLE and DALLAS , June 29, 2018 /PRNewswire/ — WMIH Corp. (NASDAQ: WMIH) (“WMIH”) and Nationstar Mortgage Holdings Inc. […]
Eaton Vance Closed-End Funds Announce Tender Offers For Outstanding Auction Preferred Shares PR Newswire BOSTON, June 29, 2018 BOSTON , June 29, 2018 /PRNewswire/ — Eaton Vance Limited Duration Income Fund (NYSE: EVV), Eaton Vance Senior Floating-Rate Trust (NYSE: EFR) and Eaton Vance Senior Income Trust (NYSE: EVF) (each a “Fund”) announced today that their Boards of Trustees have authorized tender offers to purchase up to 19%, 21% and 39%, respectively, of their outstanding auction preferred shares (“APS”) at a price per share equal to 92% of the APS liquidation preference of $25,000 per share (or $23,000 per share), plus any unpaid APS dividends accrued through the tender date. Each Fund’s tender offer will be subject to the satisfaction of such conditions as will be set forth in the Fund’s offer to purchase and related letter of transmittal. Among the conditions, EFR and EVF’s tender offers are subject to each Fund increasing its credit facility, and the availability of sufficient funds under each Fund’s credit facility to finance the purchase of the APS in the tender offer. […]
Ctrip and Ocean Link Partners Submit Revised Higher Offer to Acquire eHi Car Services Limited PR Newswire SHANGHAI, June 29, 2018 SHANGHAI , June 29, 2018 /PRNewswire/ — the consortium (the “Ocean Link Consortium”) formed between Ocean Imagination L.P., an entity controlled by Ocean Link Partners Limited, a private equity firm dedicated to investing in travel-related industries in China (“Ocean Link”) and Ctrip Investment Holding Limited, a subsidiary of Ctrip.com International Ltd. ( NASDAQ : CTRP), leading provider of accommodation reservation, transportation ticketing, package tour and corporate travel management and other travel-related services in China (“Ctrip”), today released a letter dated June 29, 2018 to the board of directors of eHi Car Services Limited (NYSE: EHIC) (“eHi”) in which the Ocean Link Consortium submitted a revised non-binding proposal (the “Revised Proposal”) to acquire all outstanding common shares of eHi (the “Shares”) not currently owned by members of the Ocean Link Consortium in a going-private transaction. Under the terms of the Revised Proposal, eHi shareholders other than those in the Ocean Link Consortium will receive US$7.75 in cash for each Share they hold or US$15.50 in cash for each American depositary share, each representing two Shares (an “ADS”) they hold […]
Cenero Announces Acquisition of Avectus PR Newswire MALVERN, Pa., June 29, 2018 MALVERN, Pa. , June 29, 2018 /PRNewswire/ — Cenero , a leader in audio visual, unified communications and IT solutions, today announced it has acquired Avectus, an AV systems integration company located in Lebanon, NJ . “We are excited to partner with the great team at Avectus as we merge our capabilities to offer superior collaborative solutions to an expanded client base,” said Chris Henry , CEO of Cenero. […]
SensorRx To Acquire Groundbreaking Mobile Health App “Migraine Coach™” Mobile Migraine App Shake-Up Announced Amid American Headache Society Scientific Meeting PR Newswire CHARLOTTE, N.C., June 29, 2018 CHARLOTTE, N.C. , June 29, 2018 /PRNewswire/ — SensorRX, Inc. […]
Santander Holdings USA, Inc. Announces Pricing Of Cash Tender Offer For Any And All Of Its 2.700% Senior Notes Due 2019 PR Newswire BOSTON, June 29, 2018 BOSTON , June 29, 2018 /PRNewswire/ — Santander Holdings USA , Inc. (“SHUSA”) today announced the pricing of the previously announced cash tender offer (the “Offer”) for any and all of its outstanding 2.700% Senior Notes Due 2019 (the “Notes”) listed in the table below […]
Fusemachines Acquires Talent Acquisition Technology Company Rake Fusemachine Inc. acquires Rake to scale its AI as a Service business leveraging Rake’s talent acquisition and candidate engagement platform. […]
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